CI Global Asset Management Announces Fund Name Changes to Reflect Integrated Investment Management Platform

Rhea-AI Summary

CI Global Asset Management (CI GAM) announced a comprehensive rebranding of 156 investment funds to modernize its products and align them under a unified brand. This initiative includes changes to risk ratings for four funds and the discontinuation of certain sales charge options effective June 1, 2022. The rebranding aims to highlight CI GAM's extensive investment expertise and facilitate client engagement. New fund names will be launched in two phases, starting June 25, 2021, with no alterations to the investment objectives or portfolio management. CI GAM has also appointed Marc-André Lewis as Head of Investment Management.

Positive

• Rebranding of 156 investment funds to unify product offerings and enhance investor recognition.
• Appointment of Marc-André Lewis as Head of Investment Management, bringing a wealth of expertise.
• Introduction of innovative investment products focusing on cryptocurrencies and alternative investments.

Negative

• Discontinuation of deferred sales charge options may limit investment flexibility for some clients.

CI Global Asset Management (“CI GAM”) today announced the renaming of 156 investment funds as part of a strategic initiative to modernize its business and product lineup. CI GAM also announced risk rating changes for four of those mandates, as well as its intention to discontinue deferred, intermediate deferred and low load sales charge purchase options for all CI mutual funds effective June 1, 2022.

“Rebranding our funds reflects the important changes we have made in building CI GAM into an integrated global investment platform with a strong lineup of relevant investment solutions that will help today’s investors meet their financial goals,” said Kurt MacAlpine, Chief Executive Officer of CI Financial Corp., parent company of CI GAM.

The name changes support CI GAM’s integration of its in-house investment boutiques into a single investment team operating under the CI Global Asset Management name. This reorganization has allowed for greater collaboration and sharing of insights and best practices across the organization and increased the depth and breadth of CI GAM’s research coverage. The change was initiated in the fall of 2020 when CI Investments Inc. rebranded to CI Global Asset Management.

Now, with the fund name changes, the legacy boutique brands will be retired and the funds will be aligned under a single brand with national recognition.

“The changes emphasize for investors that our funds benefit from the full breadth and depth of expertise of CI GAM, one of Canada’s largest investment managers and a firm with extensive global capabilities and experience,” Mr. MacAlpine said.

This news follows CI GAM’s appointment of Marc-André Lewis as its first-ever Head of Investment Management. Mr. Lewis, who was previously Head of Portfolio Construction at the Abu Dhabi Investment Authority, one of the world’s largest and most sophisticated institutional investors, will join CI GAM in September. With his diverse background spanning all asset classes, asset allocation, portfolio construction, risk management, and public and private markets, he will lead the continued development of CI GAM’s integrated investment team.

CI GAM has also introduced a series of innovative new products over the last 18 months, including mandates focused on cryptocurrencies, gold bullion, the longevity economy, fixed income, and alternative investments.

“Having a unified investment team and a unified brand simplifies our offering for clients and makes it easier for investors and advisors to do business with us,” Mr. MacAlpine said. “As part of these changes, we are also bringing consistency to our naming conventions and ensuring that our fund names better represent their investment mandates.”

The name changes will be implemented in two phases. Fifty-five funds – primarily Sentry-branded funds – are being renamed as of June 25, 2021 and another 101 funds will be renamed effective July 29, 2021. There are no changes to the investment objectives or portfolio managers of the funds with these changes.

Name changes

The following changes will be effective June 25, 2021:

Current Name	New Name
Private Trusts
Sentry Canadian Core Fixed Income Private Trust	CI Canadian Core Fixed Income Private Trust
Sentry Canadian Equity Income Private Trust	CI Canadian Equity Income Private Trust
Sentry Energy Private Trust	CI Energy Private Trust
Sentry Global Core Fixed Income Private Trust	CI Global Core Fixed Income Private Trust
Sentry Global High Yield Fixed Income Private Trust	CI Global High Yield Fixed Income Private Trust
Sentry Global Infrastructure Private Trust	CI Global Infrastructure Private Trust
Sentry Global Real Estate Private Trust	CI Global Real Estate Private Trust
Sentry International Equity Income Private Trust	CI International Equity Income Private Trust
Sentry Precious Metals Private Trust	CI Precious Metals Private Trust
Sentry U.S. Equity Income Private Trust	CI U.S. Equity Income Private Trust
Mutual Funds
Cambridge Global Dividend Class	CI Global Dividend Opportunities Class
CI Lawrence Park Alternative Investment Grade Credit Fund	CI Alternative Investment Grade Credit Fund
Sentry All Cap Income Class	CI Canadian All Cap Equity Income Class
Sentry All Cap Income Fund	CI Canadian All Cap Equity Income Fund
Sentry Balanced Income Portfolio	CI Balanced Income Personal Portfolio
Sentry Balanced Yield Private Pool Class	CI Balanced Yield Private Pool Class
Sentry Canadian Equity Income Private Pool Class	CI Canadian Equity Income Private Pool Class
Sentry Canadian Income Class	CI Canadian Equity Income Class
Sentry Canadian Income Fund	CI Canadian Equity Income Fund
Sentry Conservative Balanced Income Class	CI Conservative Balanced Income Class
Sentry Conservative Balanced Income Fund	CI Conservative Balanced Income Fund
Sentry Conservative Income Portfolio	CI Conservative Income Personal Portfolio
Sentry Defensive Income Portfolio	CI Defensive Income Personal Portfolio
Sentry Global Balanced Yield Private Pool Class	CI Global Balanced Yield Private Pool Class
Sentry Global Equity Income Private Pool Class	CI Global Equity Income Private Pool Class
Sentry Global Investment Grade Private Pool Class	CI Global Investment Grade Private Pool Class
Sentry Growth and Income Portfolio	CI Growth & Income Personal Portfolio
Sentry Growth Portfolio	CI Growth Personal Portfolio
Sentry International Equity Income Private Pool Class	CI International Equity Income Private Pool Class
Sentry Precious Metals Class	CI Precious Metals Class
Sentry Precious Metals Fund	CI Precious Metals Fund
Sentry Resource Opportunities Class	CI Resource Opportunities Class
Sentry Small/Mid Cap Income Class	CI Canadian Small/Mid Cap Equity Income Class
Sentry Small/Mid Cap Income Fund	CI Canadian Small/Mid Cap Equity Income Fund
Sentry U.S. Equity Income Currency Neutral Private Pool Class	CI U.S. Equity Income Currency Neutral Private Pool Class
Sentry U.S. Equity Income Private Pool Class	CI U.S. Equity Income Private Pool Class
Sentry U.S. Growth and Income Class	CI U.S. Equity Income Class
Sentry U.S. Growth and Income Currency Neutral Class	CI U.S. Equity Income Currency Neutral Class
Sentry U.S. Growth and Income Fund	CI U.S. Equity Income Fund
Sentry U.S. Monthly Income Fund	CI U.S. Equity & Income Fund
Signature Corporate Bond Class	CI Corporate Bond Class
Signature Global Infrastructure Fund	CI Global Infrastructure Fund
Signature Global REIT Class	CI Global REIT Class
Signature Global REIT Fund	CI Global REIT Fund
Signature High Yield Bond Class	CI High Yield Bond Class
Real Income
Sentry Real Growth Pool Class	CI Real Growth Pool Class
Sentry Real Long Term Income Pool Class	CI Real Long Term Income Pool Class
Sentry Real Long Term Income Trust	CI Real Long Term Income Trust
Sentry Real Mid Term Income Pool Class	CI Real Mid Term Income Pool Class
Sentry Real Mid Term Income Trust	CI Real Mid Term Income Trust
Sentry Real Short Term Income Pool Class	CI Real Short Term Income Pool Class
Sentry Real Short Term Income Trust	CI Real Short Term Income Trust
Sentry Real Income 1941-45 Class	CI Real Income 1941-45 Class
Sentry Real Income 1946-50 Class	CI Real Income 1946-50 Class
Sentry Real Income 1951-55 Class	CI Real Income 1951-55 Class

The following changes will be effective July 29, 2021:

Current Fund Name	New Fund Name
Black Creek Global Balanced Corporate Class	CI Black Creek Global Balanced Corporate Class
Black Creek Global Balanced Fund	CI Black Creek Global Balanced Fund
Black Creek Global Leaders Corporate Class	CI Black Creek Global Leaders Corporate Class
Black Creek Global Leaders Fund	CI Black Creek Global Leaders Fund
Black Creek International Equity Corporate Class	CI Black Creek International Equity Corporate Class
Black Creek International Equity Fund	CI Black Creek International Equity Fund
Cambridge Asset Allocation Corporate Class	CI Canadian Asset Allocation Corporate Class
Cambridge Asset Allocation Fund	CI Canadian Asset Allocation Fund
Cambridge Bond Fund	CI Canadian Core Plus Bond Fund
Cambridge Canadian Dividend Corporate Class	CI Canadian Dividend Corporate Class
Cambridge Canadian Dividend Fund	CI Canadian Dividend Fund
Cambridge Canadian Equity Corporate Class	CI Canadian Equity Corporate Class
Cambridge Canadian Equity Fund	CI Canadian Equity Fund
Cambridge Canadian Long-Term Bond Pool	CI Canadian Long-Term Bond Pool
Cambridge Canadian Short-Term Bond Pool	CI Canadian Short-Term Bond Pool
Cambridge Global Dividend Corporate Class	CI Global Dividend Opportunities Corporate Class
Cambridge Global Dividend Fund	CI Global Dividend Opportunities Fund
Cambridge Global Equity Corporate Class	CI Global Equity Corporate Class
Cambridge Global Equity Fund	CI Global Equity Fund
Cambridge Global High Income Fund	CI Global Equity & Income Fund
Cambridge Global Smaller Companies Corporate Class	CI Global Smaller Companies Corporate Class
Cambridge Global Smaller Companies Fund	CI Global Smaller Companies Fund
Cambridge Pure Canadian Equity Corporate Class	CI Pure Canadian Small/Mid Cap Equity Corporate Class
Cambridge Pure Canadian Equity Fund	CI Pure Canadian Small/Mid Cap Equity Fund
Cambridge Stock Selection Fund	CI Global Analysts Selection Fund
Cambridge U.S. Dividend Fund	CI U.S. Dividend Fund
Cambridge U.S. Dividend Registered Fund	CI U.S. Dividend Registered Fund
Cambridge U.S. Dividend US$ Fund	CI U.S. Dividend US$ Fund
CI American Value Corporate Class	CI U.S. Stock Selection Corporate Class
CI American Value Fund	CI U.S. Stock Selection Fund
CI Canadian Small/Mid Cap Fund	CI Canadian Small/Mid Cap Managed Fund
CI U.S. Income US$ Pool	CI U.S. Income US$ Fund
Marret Short Duration High Yield Fund	CI Marret Short Duration High Yield Fund
Portfolio Series Balanced Fund	CI Portfolio Series Balanced Fund
Portfolio Series Balanced Growth Fund	CI Portfolio Series Balanced Growth Fund
Portfolio Series Conservative Balanced Fund	CI Portfolio Series Conservative Balanced Fund
Portfolio Series Conservative Fund	CI Portfolio Series Conservative Fund
Portfolio Series Growth Fund	CI Portfolio Series Growth Fund
Portfolio Series Income Fund	CI Portfolio Series Income Fund
Portfolio Series Maximum Growth Fund	CI Portfolio Series Maximum Growth Fund
Select 100e Managed Portfolio Corporate Class	CI Select 100e Managed Portfolio Corporate Class
Select 20i80e Managed Portfolio Corporate Class	CI Select 20i80e Managed Portfolio Corporate Class
Select 30i70e Managed Portfolio Corporate Class	CI Select 30i70e Managed Portfolio Corporate Class
Select 40i60e Managed Portfolio Corporate Class	CI Select 40i60e Managed Portfolio Corporate Class
Select 50i50e Managed Portfolio Corporate Class	CI Select 50i50e Managed Portfolio Corporate Class
Select 60i40e Managed Portfolio Corporate Class	CI Select 60i40e Managed Portfolio Corporate Class
Select 70i30e Managed Portfolio Corporate Class	CI Select 70i30e Managed Portfolio Corporate Class
Select 80i20e Managed Portfolio Corporate Class	CI Select 80i20e Managed Portfolio Corporate Class
Select Canadian Equity Managed Corporate Class	CI Select Canadian Equity Managed Corporate Class
Select Canadian Equity Managed Fund	CI Select Canadian Equity Managed Fund
Select Income Managed Corporate Class	CI Select Income Managed Corporate Class
Select International Equity Managed Corporate Class	CI Select International Equity Managed Corporate Class
Select International Equity Managed Fund	CI Select International Equity Managed Fund
Select Staging Fund	CI Select Staging Fund
Select U.S. Equity Managed Corporate Class	CI Select U.S. Equity Managed Corporate Class
Select U.S. Equity Managed Fund	CI Select U.S. Equity Managed Fund
Sentry U.S. Growth and Income Corporate Class	CI U.S. Equity Income Corporate Class
Signature Asian Opportunities Corporate Class	CI Asian Opportunities Corporate Class
Signature Asian Opportunities Fund	CI Asian Opportunities Fund
Signature Canadian Balanced Corporate Class	CI Canadian Balanced Corporate Class
Signature Canadian Balanced Fund	CI Canadian Balanced Fund
Signature Canadian Bond Corporate Class	CI Canadian Bond Corporate Class
Signature Canadian Bond Fund	CI Canadian Bond Fund
Signature Core Bond Plus Fund	CI Global Core Plus Bond Fund
Signature Corporate Bond Corporate Class	CI Corporate Bond Corporate Class
Signature Corporate Bond Fund	CI Corporate Bond Fund
Signature Diversified Yield Corporate Class	CI Diversified Yield Corporate Class
Signature Diversified Yield Fund	CI Diversified Yield Fund
Signature Dividend Corporate Class	CI Dividend Income & Growth Corporate Class
Signature Dividend Fund	CI Dividend Income & Growth Fund
Signature Emerging Markets Corporate Class	CI Emerging Markets Corporate Class
Signature Emerging Markets Fund	CI Emerging Markets Fund
Signature Floating Rate Income Fund	CI Floating Rate Income Fund
Signature Global Bond Corporate Class	CI Global Bond Corporate Class
Signature Global Bond Fund	CI Global Bond Fund
Signature Global Dividend Corporate Class	CI Global Dividend Corporate Class
Signature Global Dividend Fund	CI Global Dividend Fund
Signature Global Energy Corporate Class	CI Global Energy Corporate Class
Signature Global Equity Corporate Class	CI Select Global Equity Corporate Class
Signature Global Equity Fund	CI Select Global Equity Fund
Signature Global Income & Growth Corporate Class	CI Global Income & Growth Corporate Class
Signature Global Income & Growth Fund	CI Global Income & Growth Fund
Signature Global Resource Corporate Class	CI Global Resource Corporate Class
Signature Global Resource Fund	CI Global Resource Fund
Signature Global Technology Corporate Class	CI Global Alpha Innovators Corporate Class
Signature Gold Corporate Class	CI Gold Corporate Class
Signature High Income Corporate Class	CI High Income Corporate Class
Signature High Income Fund	CI High Income Fund
Signature High Yield Bond Corporate Class	CI High Yield Bond Corporate Class
Signature High Yield Bond Fund	CI High Yield Bond Fund
Signature Income & Growth Corporate Class	CI Canadian Income & Growth Corporate Class
Signature Income & Growth Fund	CI Canadian Income & Growth Fund
Signature Preferred Share Fund	CI Preferred Share Fund
Signature Select Canadian Corporate Class	CI Select Canadian Equity Corporate Class
Signature Select Canadian Fund	CI Select Canadian Equity Fund
Signature Short-Term Bond Fund	CI Short-Term Bond Fund
Signature Systematic Yield Pool	CI Systematic Yield Pool
Synergy American Corporate Class	CI Synergy American Corporate Class
Synergy American Fund	CI Synergy American Fund
Synergy Canadian Corporate Class	CI Synergy Canadian Corporate Class
Synergy Global Corporate Class	CI Synergy Global Corporate Class

Risk rating changes

The following risk rating changes are effective immediately and are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. CI GAM reviews the risk rating for each of the funds it manages at least on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review and are not the result of any changes to the investment objectives, strategies or management of the funds.

Fund Name (as of June 25, 2021)	New Rating	Previous Rating
CI Conservative Balanced Income Class	Low-to-Medium	Low
CI Conservative Balanced Income Fund	Low-to-Medium	Low
CI Global Infrastructure Private Trust	Low-to-Medium	Medium
CI Canadian All Cap Equity Income Class	Medium	Low-to-Medium

Changes to sales charge purchase options

CI GAM intends to discontinue its deferred sales charge, intermediate deferred sales charge and low load sales charge purchase options for all CI mutual funds effective June 1, 2022. Investors who purchased units under these sales charge options will continue to be subject to the redemption fee schedules under which they were purchased. Switches between funds of then-existing units acquired under these options will continue to be available after the effective date.

About CI Global Asset Management

CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI GAM is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an independent company offering global asset management and wealth management advisory services with approximately $288.3 billion in total assets as at May 31, 2021.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments, including investments in ETFs. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

This document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.

Certain statements in this document are forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what CI Global Asset Management believes to be reasonable assumptions, CI Global Asset Management cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2021. All rights reserved.

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FAQ

What is the purpose of CI GAM's recent fund renaming initiative?

CI GAM aims to modernize its investment products and unify its brand to enhance investor recognition.

When will the new fund names be implemented?

The name changes will be executed in two phases: June 25, 2021, and July 29, 2021.

What significant management change occurred at CI GAM recently?

Marc-André Lewis was appointed as the Head of Investment Management.

What changes are being made to risk ratings for CI GAM funds?

Effective immediately, risk ratings for four funds have been updated based on a review mandated by the Canadian Securities Administrators.

What changes to sales charge purchase options has CI GAM announced?

Effective June 1, 2022, CI GAM will discontinue deferred sales charge and related options for all mutual funds.